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Equal Energy Ltd. Message Board

  • info_only_1 info_only_1 Jul 29, 2010 11:18 AM Flag

    anyone notice that 2 insiders....

    paticipated in the offering at 6.75.....

    Jul 14/10 Jul 09/10 Peet, Shane Direct Ownership Common Shares 15 - Acquisition under a prospectus 105,000 $6.750

    Jul 14/10 Jul 09/10 Doyle, Michael Edmond Direct Ownership Common Shares 15 - Acquisition under a prospectus 12,000 $6.750

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    • Sure sorry I didn't have the smarts to follow those savvy
      "insiders" who bought EQU at $6.75 a share. They clearly knew something the rest of the world didn't and smartly acted on their unique inside info. I previously messaged I thought they bought because no one else would. I was accused of being a basher- whatever that is? Well, I hope at $4.85 they're happy with their $6.75 positions.

    • peete showed up on management couldnt find EDMOND on the list??

      • 1 Reply to saltywilliamson
      • I think edmond is his middle name....his last name is Doyle and is on the BOD. As you can see below, he is not a dummy.....
        Michael Doyle is a Professional Geophysicist with more than 35 years of wide–ranging experience in finding, developing and producing hydrocarbons. Mr. Doyle is a principal of privately held CanPetro International Ltd., and the Chairman of Madison Petrogas Ltd.

    • Info- I'm not a basher. I don't have time for that kind of nonsense nor do I have a stock position in EQU that would make it worth my time to either bash or pump. But just look at EQU's press release today. The PED bankruptcy is having an adverse impact on EQU's operations and I think over time you will see this impact reflect itself in the stock price. You may want to call this "bashing"- I call it just recognizing reality.

      • 2 Replies to legalbark
      • legal bark i posted your comment about the insider buying below...
        "I think that means they couldn't find anyone else to buy the shares. I don't read this as an informed purchase by someone with great inside information on EQU."
        Would you like to tell me again that you weren't bashing?
        As far as PED's bankruptcy is concerned it doesn't take a rocket scientist to figure out that it has and will continue to cost EQU. Thing is, it will be resolved and likely in EQU's long term favor. In the mean time Equ will be accelerating developement of the Cardium and Viola "oil plays". Now if that scenario looks like all gloom and doom to you, it's only because for some odd reason...you want it to go badly for EQU.
        Again, let me suggest you worry about your bad PED investment and let us EQU shareholders worry about ours.

      • So your stock position would be short.

    • I think that means they couldn't find anyone else to buy the shares. I don't read this as an informed purchase by someone with great inside information on EQU.

      • 1 Reply to legalbark
      • they couldn't find anyone else to buy the shares offered in the prospectus????
        Number one! Equal did not have anything to do with whom the shares were sold to, that was handled by the underwriters.
        Secondly, the underwriters had no problem selling the shares as they upped the offering from 3.7 million shares to 5.2 million shares the same day, besides selling most of the half million shares of the over allotment @ 6.75. That was a very successful offering by any metric whether you can grasp that or not.
        So your assertion the insiders had to buy for lack of anyone else is clearly idiotic to say the least. I suggest you should worry about your PED investment and forget about bashing EQU as it certainly is not in your best interest to do so.

 
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